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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Now in the Works: A ‘State Level’ CFPB (Thanks to Mulvaney?)

April 17, 2018
Yemeng Yang
The Garden State is following in the footsteps of Pennsylvania, which created a Consumer Financial Protection Unit last July and hired a former CFPB attorney to lead the initiative.
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Invictus to Issue a Non-Agency MBS Backed by Single-Family Rental Property Loans

April 17, 2018
Brandon Ivey
The new non-agency MBS from Invictus is a bit of a rarity: the bond is backed only by mortgages on single-family rental properties.
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Nationstar CEO Jay Bray Cleared for a $4.25 Million Bonus

April 17, 2018
Paul Muolo
CEO Jay Bray was eligible for a maximum bonus of $6.90 million…
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Short Takes: Bank of America Kisses Mortgage Banking (Reporting) Goodbye / When MSR Cash Flow Becomes ‘Immaterial’ / The Eye of the Beholder / Tossing Mortgage Stuff Overboard / Redwood on an MBS Hot Streak / Leaving loanDepot for Impac

April 17, 2018
Brandon Ivey and Paul Muolo
Is Bank of America doing a slow fade on mortgages?
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Fannie Addresses Risk Layering in High DTI Loans

April 16, 2018
Carisa Chappell
Back in July 2017, Fannie revised its automated underwriting system to accept loans with DTI ratios over 45 percent without lenders having to show other compensating factors…
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A Steep 1Q18 Decline in Residential Production for BofA

April 16, 2018
Paul Muolo
BofA also produced $3.75 billion of home equity loans in the first quarter...
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Pershing Square Doubles Down on its GSE Bets

April 16, 2018
Paul Muolo
In the 2017 annual report, Pershing Square lists Fannie and Freddie common among its “losers…”
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Early 2018 Brings More Volatility to GSE Single-Family Rivalry

April 16, 2018
John Bancroft
In early 2018 both GSEs were under orders from the Federal Housing Finance Agency to set g-fees that meet a “minimum return on equity…”
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Stearns Holdings Wants to Retire $80 Million Worth of High-Yielding Paper

April 16, 2018
Paul Muolo
Finance of America’s new president is industry veteran Bill Dallas.
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Non-Agency MBS Issuance Down Sharply in 1Q18, but Subprime and Alt A Show Promise

April 13, 2018
John Bancroft
During 1Q18, issuance of MBS backed by seasoned loans fell 50.8 percent…
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